A George Soros-backed group of predominantly Hispanic investors has purchased 18 Spanish-language radio stations in 10 cities for $60 million.
The Latino Media Network is led by Obama administration official Stephanie Valencia and received financing from Lakestar Finance LLC, an investment firm associated with liberal billionaire George Soros.
“We believe in the power and reach of radio and it remains a main source of media for a significant number of our community,” Jess Morales Rocketto, a veteran of Barack Obama and Hillary Clinton’s presidential campaigns, said in a statement. “We hope to create relevant content for radio and other audio platforms with content that our community can trust and rely on.”
One of the stations included in the deal is Radio Mambi, a conservative talk radio station in Miami, Florida, that Democrats have long accused of spreading ““In the 2020 election, we saw this — really a compelling rightward shift among the Latino electorate and in South Florida,”reporter Lautaro Grinspan recently told NPR. “And it lends credence to the notion that Spanish-language misinformation is playing a role in shaping folks' political perceptions.
But is “misinformation” really to blame for the recent rightward drift of Hispanics? Or are more and more Hispanics realizing that the Democratic Party simply doesn’t share their values. “Everybody was a liberal Democrat — in my neighborhood, in the Bronx, in the local government,” Florida Republican Erik Ortiz recently told
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